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that the ntsb will probably take a look at all these electrical issues and try to determine if there is some sort of pattern. >> reporter: that is exactly what is going on. n.t.s.b. has launched an investigation into the airworthyness of the 787, three of their investigators are joined by experts from boeing, japan airlines and faa. the big gamble for the dream liner has yet to pay off, after selling 800 planes, they have cost overruns and quality issues. it could be years before the plane turns a profit. the stock is taking a hit. down more than 3% since the fire yesterday. >> neil: dan just hit on it. this plane is supposed to be the next big thing. more than 800 have been ordered. to industry expert, how serious this is, should we worry? >> we should worry and boeing should worry. but the ntsb is investigating but we have a split problem here. before they start delivery of the plane to customers, you expect some problems but once in the aircraft are in the hands of customers and there are 47 out there now, there have been a number of problems more than what you would usually expect. the f
on a computer, but i don't think there's fears of safety." still, these glitches are under ntsb investigation. wednesday, after boeing defended the aircraft saying the company has "extreme confidence" in its dreamliner, shares gained 3.2% after dropping more than 4.5% earlier this week. "we think boeing has $15 billion wrapped up in the 787, and they're getting single- digit operating margins on this product." boeing's price is about $200 million per plane. ten airlines have lined up to buy 800 of them. none of them listed here are backing out. so far, the faa has not taken action. "if the faa gets issues that public safety is at risk, you'll see action, but that hasn't happened because these are confined to 'technical issues" and has not crossed over to the issue of safety." another reason airline analysts say cancellations are unlikely is, in part, because the other option for most other airlines, airbus, has a six-year waiting list for aircraft. the aig board of directors decided not to sue the u.s. government over the 2008 bailout. aig nearly collapsed after making huge bets on bad mortga
to the battery used to start the auxiliary power unit, and that they are cooperating with the ntsb in the investigation of the incident. despite bb&t's downgrade, other analysts say the problems have not discouraged investment in the aircraft manufacturer. "i think they've done a good job of handing it. we have them at 73. they've been as high as 77 as low as in the 60's. that's more within the context of where the profitability of the 787 is." dihora says this year, boeing still intends to double monthly production of the 787 to 10 a month. american airlines' board meets today, and it's reported the topic of a possible merger with u.s. airways is on the agenda. interestly enough, shares of u.s. airways have been climbing higher since last thursday. that's when reuters reports the ceo of amr told employees a decision would be made "in a matter of weeks." american has until march to complete its bankruptcy re-organization plan. aig is considering suing the u.s. government for coming to the rescue. the aig board meets today and will consider joining a $25-billion shareholder lawsuit
't look like that but it was hard crash. n.t.s.b. is on the scene to investigate and the company that owns the ships is starting its own review. the this comes after 12 years ago after a captain passed out and crashed into a pier. rick eleven thol is on the scene. what more do we know? >> they were making a run to new jersey to appear in in lower manhattan. they arrived just after 8:40 a.m. it was traveling at 10-12 knots and struck slip "b". a lot of people were thrown in glass, into each other and some even down a staircase. 57 injuries, many head, neck and back injuries. nine of them serious, two critical. some people sitting down were even hurt. >> lack of a better description, i think people lot of people got their backs wrenched and they were immobilized. >> the ntsb team is here and they are working with the u.s. coastguard and a press conference is planned. >> shep: it's my understanding this ship had recently mechanical upgrades? >> it did. in fact the owners of the company say they had new propulsion system that makes the ship more efficient but not necessarily faster but somethi
to arrive there today to assess the situation. >>> the ntsb is in new york this morning, investigating a ferry accident, which seriously injured 11 people. the packed commuter ferry was coming in from new jersey when it slammed into a dock in lower manhattan. passengers were sent flying. the ferry had just undergone a major overhaul that gave it new engines and a new propulsion system. >>> the former penn state football coach jerry sandusky faces a new court hearing today. his lawyers want a new trial and will argue they didn't have enough time to prepare for the first one because prosecutors gave them a flood of material at the last minute. sandusky was convicted of 45 counts of child sexual abuse last june. >>> and now, we turn to an inspiring story of generosity from south florida. airport worker patrick morgan was just doing his job when he found an ipad with $13,000 in cash tucked inside. now, being an honest guy, morgan reported his find to police. as a reward, the ipad's owner gave morgan 60 bucks. but the good deed does not end there. morgan, then, gave that money to a needy co
inspector with the ntsb arrived last night. they will be taking a close look at the taker, the bridge as well. back to you at the desk. >> thank you, brian. >>> a san francisco man accused of setting his girlfriend on fire may make his first court appearance today. police arrested 22-year-old dexter oliver, monday night at an oakland hotel. investigators say oliver poured gasoline on his girlfriend, starr lamare, then set her on fire on sunday. she is still in the hospital. she's being treated for serious burns on her neck, her chest and her face. >>> in san jose, an investigation goes on into a garage fire last month that destroyed several cars and a boat. it all happened on 15th street. firefighters say when they got there, huge flames were shooting into the air. the fire destroyed a corvette that was inside the garage along with two other cars and a boat that were parked outside. a house next door was also damaged. firefighters say the first reports of a possible meth lab turned out to be not true. >>> 7:31. the family of bryan stow is giving us an update on his medical condition.
investigation. it's the first time the ntsb has investigated the 787. every new airplane has what they call birthing issues, problems that require some engineering fixes but firings are always serious and could be catastrophic. investors are hammering boeing, the stock is down $4 since the fire yesterday. >> shep: dan dan springer, thanks. >> one insurance provider says it could sue the government because of bailout. it agreed to a $182 billion rescue, one of the largest in the financial crises after revelations that the company gave out hefty bonuses. aig said it paid the bailout in full and started a campaign thank you america complete with high profile television ads. now aig is considering joining a shareholder lawsuit that is already in place against our government over the terms of the rescue. geri will system with us. they are upset over the bailout. >> it's very upset and being led by the former ceo the of the company. he is the biggest share holder. basically the claim is that the country violated the constitution, fifth amendment which requires the government can't take over priva
's cop rating with the ntsb in the fire investigation. >> barry diller back to dreaming -- streaming service. ario planning to expand as legal battles drag on. right now it's only available in new york city. also announce it's raised $38 million in funding. broadcasters have appealed and new york judge's ruling that ario does not appear to violate copy write rite law. turning now to trading stocks retreating for a second day. investors await aid draw at corporate earnings season. shares pushing your bloomberg silicon valley index slightly lower. and here is a sign the economy may be improving from the global business travel association. usa today reports companies are expected to shell out more on business trips this year. apparently there is pent up demand to sit face-to-face with clients again. if you happen to be going on a trip and are anxious about luggage getting lost check out this gadget unveiled called track doth. -- dot. you leave itd in the luggage. kit tell what you city it's in, and update it in realtime. it costs about $50. there are activation fees service fees but bef
on the breaking news out of new york city. the waterfront. the ntsb launching a full investigation into what cause a ferry crash. more than 340 passengers and crew members were on that ferry. we'll keep you posted on the story bring you more details as we get them. >>> coming up, talk about biting the hand that feeds you aig now considering a lawsuit against america for the terms of its bailout. >>> plus, from the sidelines to the spotlight, miss alabama, kathryn webb becomes an overnight sensation after her boyfriend as big football game. >>> and chris christie, a new jersey savior. how could he save the republican party? and could you follow chris christie sample? can you tweet me@thomas roberts. living with moderate to severe rheumatoid arthritis means living with pain. it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra, humira is clinically proven to help relieve pain and stop joint damage. so you can treat more than just the pain. humira can lower your ability to fight infections, including
. >> just that, maria, there's more to come. >> yeah. >> this is an investigation with the ntsb going on so stay tuned, so to speak. >> thanks, gentlemen. appreciate it. we'll leave it there and follow this very important story. >> up next, vegas, baby. mobile mania sweeping the consumer electronics show. our tech reporter jon fortt smack dab in the middle of it all. back to sin city live in just a minute. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. when you spend $50 on hp ink. and you wouldn't have it any other way.e. but y
lebeau. >> reporter: the ntsb releasing an investigate on the battery investigation saying they have moved on from macroscopic investigation to a microscopic investigation. that includes chemical analysis of the areas that short circuited and checking flight data recorders. bottom line, still don't know a cause behind the incidents involving the two dreamliners. we should also point tomorrow morning on "squawk box" we'll be having the boeing fourth-quarter earnings, the first time we'll hear from the ceo since these incidents. sure to be questioned about what happens with the dreamliner tomorrow morning when boeing reports earnings. guys, back to you. >> thanks so much, phil lebeau. the dow jones industrial average 50 points away from 14,000. that 200 points away frommin a all-time high reached back in 2007. if you think that's made marc faber less bearish, you'd be very wrong. despite, that marc is the man behind the gloom, doom and boom report and joins me now to talk markets. good to see you, marc. thanks for joining us. >> my pleasure. thank you for having me. >> so you say regar
to start giving out free flu shots. >>> the ntsb is in new york this morning investigating a ferry accident which seriously injured 11 people. the packed commuter ferry was coming in from new jersey when it slammed into a dock in lower manhattan. the impact sent passengers flying. federal investigators want to know if the high speedboat was properly maintained and if crew members were doing their jobs. >>> along canada's hudson bay, a desperate race to save a pod of killer whales trapped by ice. they have been taking turn coming up for air. people who live along the shore say the whales must have been surprised when the weather turned cold. the mayor has put out a call for an ice breaker, but none are close by. >>> flash flood warnings are in effect for most of louisiana after two days of heavy rain. streets are impassable across the state today. rising flood waters forced people from their homes in the baton rouge area, and the slow-moving storm will dump more rain on the area later today. >>> also, a couple from a new york neighborhood devastated by hurricane sandy is waking up in a new h
the ntsb is now starting to look at exactly the air worthiness issues, what was behind it, they've got investigation teams that are on their way to boston. and they're going to be asking the tough questions, wolf. they're going to want to know why brand-new aircraft, seemingly have recurring problems, albeit, of a different nature. are these the little glitches that boeing says they are, that happen with all new major complicated planes, or is there something else that's happening? there are lots of rumors, wolf, about whether the wiring has been done properly, whether this has been done properly or the other. so that's the issue at the moment. >> i assume, richard, there's been a backlash already, from the airlines that have spent hundreds of millions of dollars to purchase these dreamliners from boeing? >> yes. and the serious part about that is the airlines are used to glitches. so it's not like you or me, the airlines expect a certain amount of headache, toothache, pain and misery with a new plane, a new model. but they don't expect it to be of this level. aog is the phrase they us
airliners. well, boeing says it is working with ntsb investigators, looking into monday's fire on a japan airlines 787 at boston's logan airport. the fire involved the batteries in the belly of the plane used to power the aircraft while on the ground. and in a statement, boeing adds, "nothing that we've seen in this case indicates a relationship with any previous 787 power system events." as for the second japan airlines dreamliner that was spewing fuel at logan airport yesterday, it was a pilot from another plane that alerted the control tower that the 787 was losing fuel. and then the control tower notified the unsuspecting j.a.l. pilot. the ntsb says it's not looking into the fuel leak which j.a.l. officials are deeming a mechanical problem. and boston airport officials say there was no leak in the fuel tank, but the plane was venting fuel, which is the aircraft's way to dump excess fuel. but it's not usually seen on the runway. so after four hours, the dreamliner was checked out and cleared to fly. now, the japanese government told cnn they have asked airlines to inspect planes for ba
't know right now. so i know they're saying that. but we have the faa all over the airplane, the ntsb all over the airplane. i think the risk for the -- i see two camps on this stock. you have the teethers, those who believe everything is a teether problem, and the tip of the icebergers saying could this be something else. i think with this investigation going on and the faa already actively on the airplane, it will be difficult to take event, especially if it's a severe event, and say, this is fine, this is fine. long term they're going to sort it out. i agree with what jim cramer said, i'm in the same camp that said, why not do a derivative play on this story, if you have more risk maybe someone like spirit aero systems. >> at what point do you say this is the point of fear of investors are running? that's the time to get in the stock. we've seen that in different scenarios, that we don't know what we don't know, as you said. that is exactly the time you wanted to go in. what's going to make that turning point for you, do you think? >> well, i have to say, because there's a formal inves
's going to make a lot of people nervous. the ntsb is now investigating the 787 on the tarmac at logan airport yesterday morning, catching fire, after the plane had landed. the crew and the passengers had all deported. the fire was found in a compartment with batteries and electrical components. and again the passengers and crew were not on board during the fire. but this is the fourth incident since november or since december 4th where we've had a problem with the dreamliner. now remember united had its first domestic 787 flight back on november 4th. just a month later united had a flight from houston to newark, it made an emergency landing in new orleans. after experiencing mechanical problems, a loss of power. qatar air on december 9th said it grounded one of its 737 -- or 787s because of a faulty generator. similar problem, loss of power in flight. and then on december 14th, united grounds two of its four dreamliners due to problems with an electrical panel and then finally, yesterday you have the emergency crews responding to a 787 fire at logan airport. now the dreamliner, and th
of them seemingly quite serious, like the fuel leak, will be giving cause for concern. that's why the ntsb here in the united states is looking at worthiness, at what happened, and is certainly not going to be taking this very lightly. these were two serious incidents that happened. >> and what is so special, what is so revolutionary about these planes? >> the way it is built. no aluminum, carbon fibers, composite, the plane is lighter. it has new engines. it has bigger windows. it has new avionics, everything about what the plane is made from and the way it is made. boeing has subcontracted large parts of the manufacturer to different companies, particularly japan and elsewhere. the parts are flown into the united states where they're assembled in the carolinas and out in washington state. so the totality of the plane is a revolution for boeing, in how it is made, what it is made, and that's why perhaps there are these problems. but, here is the important thing to bear in mind, would i get on a dreamliner tonight? across the ocean, yes. no question about it. >> i was going to ask you, you
days have left the faa with no choice but to ground the dreamliner, while the ntsb analyzes the charred evidence from last week's 787 fire. lithium batteries are smaller and more powerful, but can overheat. >> when they're used normally, and the energy is released slowly as it's supposed to batteries have a very good safety record. but if that same energy is released very rapidly, the battery cells will vent release their contents and have the potential both for fire and explosion. >> reporter: boeing needed special faa approval to allow the dreamliner to use lithium batteries for key electrical systems. >> they have narrowed it down to the battery system on this aircraft. we've had two events and so therefore, they're going to now be able to look at it a little bit more in detail and figure out what's going on. >> boeing's european archrival, airbus uses lithium batteries only for emergency lighting in their air-380. but airbus' plane of the future, the air-350 due out by the end of next year, relies on them more heavily. the company says there are
to tokyo was canceled. we should also tell you the ntsb, the faa, as well as boeing and the airlines, they are all investigating the cause. >> i take it here too, this isn't the first time the dream liner has had a problem. >> you're absolutely right. in 2010, there was an emergency landing after a fire broke out in a different part of another 787 that was being tested. also, an engine failed in south carolina other the summer and in september, more engine problems, another aircraft, and just last month, wolf, a 787 diverted to new orleans due to mechanical problems. but because the investigation is still under way, boeing is saying it is just too early to tell if there's a common factor between today's fire and all of the previous incidents. however, we spoke to some experts and they tell us problems with new jetliners, that is not at all unusual. they say today's problem is serious. it needs to be addressed. but they add that planes are safe and problems like this, they get investigated and then they solve them. >> i'm ready to go up in one of those dream liners. it's exciting plan
the ferry went full speed into the pier. the cause so far unknown. the ntsb is investigating. >>> the washington post with hugo chavez bedstricken and battling cancer. the u.s. is working to make inroads. american diplomats are preparing for a post-chavez venezuela while trying to make progress with the drug-trafficking infrastructure and growing relationship with iran. >>> "usa today," the fda will consider heavier regulation for the popular painkiller vicodin which has for years seen widespread abuse. the d.e.a. recommended it be classified with other heavily used drugs like oxycontin. patients who need vicodin could increase the number of times they have to visit their doctor by limiting the number of pills that can be prescribed at each visit. >>> "the chicago tribune," president obama's acceptance of corporate donations from companies like at&t at the inauguration marks a shift. the paper writes, quote, the relaxed rules reflect how obama has largely dropped his efforts to curb the role of money in politics because he once vowed to make central to his presidency. >>> wit
said, the fire at logan is a unique example and the ntsb is investigating but i think trying to connect this event to other events is pure speculation at this point. we don't have a lot of data. >> have you seen any sign that production might be interrupted, slowed down if, in fact, they have to address the things along the production line? >> none whatsoever. >> because as the journal points out today, you get paid upon delivery and worst-case scenario would begin to avoid cash flow if they were delayed. >> yeah. look, the central bull thesis for boeing shares is about the large amount of cash the company will generate over three or four rates and with the 787 ramping up to very high levels to meet customer demand. if we were to call in to question that cash flow, that weighs against the bull thesis. we don't have any data to suggest that will happen. the planes are still flying and i would say these sorts of teething problems are normal for new planes. we have them on the a-380 and we have to wait and see and we need more data and not calling in to question the long-term fundamentals.
smoking. a fire down below that ntsb and boeing investigators have traced to the auxiliary power battery unit. >> it was a moderate fire condition in the modern avionics department that included the batteries and some of the electronic equipment. >> reporter: according to reports, one firefighter was injured battling monday's fire. boeing said of the fire, quote, nothing that we've seen in this case indicates a relationship to any previous 787 power system events, which involved power panel faults elsewhere in the aft electrical equipment bay. clearly, this is not the pr they dreamed about. >> i'll fly on a 787 any time. i have absolute confidence in the airplane. there are going to be teething problems with a new airplane. it's quite common. >> reporter: in light of all of this, united airlines says it will examine its fleet of 787s, looking for any signs of trouble. natalie? >> ron mott in boston. thanks so much, ron. >>> aig is considering whether or not to join a lawsuit against the government over the $182 billion bailout that saved the company back in 2008. aig's decision on whethe
Search Results 0 to 28 of about 29 (some duplicates have been removed)

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